Answer
Conventional insurances contain elements of interest and gambling, which, are expressly prohibited in the Qur’aan. Hence, not permissible.
and Allah Ta’ala Knows Best
Mufti Ebrahim Desai
Home » Hanafi Fiqh » Askimam.org » What is the concept of Insurance in Islam. Is it premissible in Islam.
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What is the concept of Insurance in Islam. Is it premissible in Islam.
Answered as per Hanafi Fiqh by Askimam.org
Scholar:
Shaykh Ebrahim Desai
Short Link: https://islamqa.org/?p=15873
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Related Q&A
- Is selling travel insurance without promotion and donating proceeds to charity permissible in Islam?
- Renting a place to a person selling Motor(Vehicle) Insurance
- Is insurance of car haraam. if third party insurance is available.
- I want to know that r we allowed to have life or health insurance in Islam?
- Is Life Insurance Permissible?
- What kind of insurances are permitted, if any?
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